Friday, July 31, 2009
GBP/USD reacts down after better than expected US GDP
Pound has extended its rejection from 1.6570 against Dollar after the better than expected Q2 US GDP annualized with falling around 50 pips in the last minutes to trade below 1.6500 level, close to 1.6490. Currently the Cable is trading around 1.6490/1.6500, 0.05% above today's opening price.
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